Visa International said it is participating in an electronic commerce pilot in Malaysia that will be the first to apply the Secure Electronic Transactions 1.0 standard to business-to-business Visa payments.

Part of Malaysia's Multimedia Super Corridor initiative, the program will include consumer payments as well as the Visa purchasing card procurement system for business transactions. Previously announced Visa SET pilots in five other Asian nations focus on consumer purchases from retail "cybermerchants."

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